Are there laws against usury?


there laws against usury in philippines? seems common practice lend 10,000 p poor family , ask 10 % monthly interest (that 120 % per year).
unlawful in civilized country. instance in unlawful lend money interest higher 10-12 % (yearly). depending on state (see http://www.loanback.com/category/usury-l...
catholic church , religions consider usury sin.

situation on topic in philippines?

thank answer, no troll please

are there laws against usury in philippines? seems common practice lend 10,000 p poor family , ask 10 % monthly interest (that 120 % per year). unlawful in civilized country. instance in unlawful lend money interest higher 10-12 % (yearly)....


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